Zacks Research Has Optimistic View of OGE Energy Q3 Earnings

OGE Energy Corporation (NYSE:OGE) – Investment analysts at Zacks Research lifted their Q3 2026 earnings per share estimates for OGE Energy in a research note issued on Wednesday, August 19th. Zacks Research analyst Team now expects that the utilities provider will earn $1.02 per share for the quarter, up from their prior estimate of $1.00. The consensus estimate for OGE Energy’s current full-year earnings is $2.42 per share. Zacks Research also issued estimates for OGE Energy’s Q1 2027 earnings at $0.37 EPS, Q2 2027 earnings at $0.60 EPS, Q3 2027 earnings at $1.04 EPS, Q1 2028 earnings at $0.50 EPS and Q2 2028 earnings at $0.63 EPS.

A number of other research analysts have also recently commented on OGE. BMO Capital Markets lowered their price target on OGE Energy from $50.00 to $49.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of OGE Energy in a report on Friday, July 31st. Morgan Stanley set a $51.00 target price on shares of OGE Energy in a research note on Wednesday, July 22nd. Barclays increased their price objective on shares of OGE Energy from $51.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Finally, Wells Fargo & Company boosted their price objective on shares of OGE Energy from $47.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $49.80.

OGE Energy Stock Performance

OGE stock opened at $46.96 on Thursday. The stock’s fifty day moving average price is $48.13 and its 200-day moving average price is $47.65. The company has a market cap of $9.70 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 3.49 and a beta of 0.53. OGE Energy has a 1 year low of $41.69 and a 1 year high of $50.59. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.77 and a quick ratio of 0.47.

OGE Energy (NYSE:OGE) last posted its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. OGE Energy had a return on equity of 9.48% and a net margin of 14.44%.The firm had revenue of $711.90 million during the quarter, compared to analyst estimates of $782.73 million. During the same quarter in the previous year, the firm earned $0.53 EPS. OGE Energy’s quarterly revenue was down 4.0% compared to the same quarter last year.

Hedge Funds Weigh In On OGE Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of OGE Energy in the 2nd quarter valued at approximately $1,277,554,000. Vanguard Group Inc. grew its holdings in shares of OGE Energy by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 21,500,675 shares of the utilities provider’s stock worth $918,079,000 after purchasing an additional 304,080 shares during the period. State Street Corp raised its holdings in OGE Energy by 1.8% in the 4th quarter. State Street Corp now owns 6,713,937 shares of the utilities provider’s stock valued at $286,685,000 after buying an additional 117,977 shares during the period. Boston Partners raised its holdings in OGE Energy by 0.5% in the 3rd quarter. Boston Partners now owns 6,279,360 shares of the utilities provider’s stock valued at $290,530,000 after buying an additional 31,138 shares during the period. Finally, Clearbridge Investments LLC lifted its position in OGE Energy by 8.3% in the fourth quarter. Clearbridge Investments LLC now owns 6,240,594 shares of the utilities provider’s stock valued at $266,473,000 after buying an additional 479,278 shares during the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

About OGE Energy

OGE Energy Corp. (NYSE:OGE) is an energy and infrastructure holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, Oklahoma Gas & Electric Company, the company provides regulated electric service to residential, commercial and industrial customers across Oklahoma and western Arkansas. Its diversified generation mix includes coal, natural gas and wind-powered facilities, complemented by ongoing investments in grid modernization and smart technology to enhance reliability and customer satisfaction.

In addition to its core electric utility operations, OGE Energy Corp.